Bajaj Auto Set to Take Commanding Stake in KTM with €800 Million Lifeline

The smashing of the motorcycle cult brand KTM was prevented almost at the last minute. With the change of ownership a new, not entirely Austrian era begins.

Indian partner Bajaj is providing EUR 800 million for KTM and will take over control of Pierer Mobility, subject to regulatory approvals. In an interview with the press, KTM CEO Gottfried Neumeister talks about the past months, his relationship with Stefan Pierer and what is changing under the new majority owner.

KTM: Bajaj Becomes Main Investor, Takes Control Of Pierer Mobility

KTM is proud to announce a major milestone: after months of dedicated effort and strategic planning, the KTM AG was able to expand its relationship with its long-standing partner Bajaj and secure them as a main investor. “Today we have been given the opportunity to continue the history of KTM. Together with our long-standing partner Bajaj, we were able to work out a strategy that will enable us to raise a further 600 million euros for our new st…

How KTM was rescued by the world's third-largest motorcycle maker – and $900 million

Bajaj Auto, the world's third largest motorcycle manufacturer, has gone from a partner of KTM to taking over the Austrian brand altogether. That's thanks to a €800-million (US$905-million) shot in the arm from the Indian two-wheeler giant that will enable KTM to bring its production facilities roaring back to life.Continue ReadingCategory: Motorcycles, TransportTags: KTM, Bajaj

Indian Company Bajaj To Take Over KTM With €800 Million Loan

Motorcycle brand KTM is about to have a new owner in India’s Bajaj Indian motorcycle brand Bajaj Auto Ltd. is set to acquire a controlling stake in KTM AG, the financially troubled Austrian motorbike company it has long co-owned. To facilitate the acquisition and prevent KTM from going bankrupt, Bajaj has arranged a debt funding package worth up to €800 million (USD907 million), the company said in a regulatory filing in Mumbai. As part of the …

Bajaj Steps In To Take Charge Of KTM – Big Funding, New Collabs

GaadiWaadi - To stabilise the business, Bajaj structured a funding plan totalling Rs. 7,764 crore for KTM which will result in it taking a major controlling stake Bajaj Auto has laid out its plan to assume control of the KTM motorcycle business through its fully owned Dutch arm, Bajaj Auto International Holdings BV – subject to regulatory clearance. It signifies a transition from being a passive stakeholder to taking charge of operations at the …